W.F.C. (Willem) Verschoor

Full Professor
Erasmus School of Economics
Erasmus University Rotterdam

Willem Verschoor is a professor of finance and the director of the Department of Business Economics at the Erasmus School of Economics (ESE).

Professor Verschoor has done extensive research in the area of international finance and risk management and has published in leading scholarly journals including the Journal of Applied Econometrics, the Journal of Banking and Finance, the Journal of Business, the Journal of Economic Dynamics and Control, the Journal of Empirical Finance, and the Journal of International Money and Finance.

Before starting his academic career, he was chief economist at Kempen & Co in Amsterdam and at the National Investment Bank in the Hague.

Professor Verschoor is a member of the Supervisory Board of Optimix Investment Funds N.V., Amsterdam, an advisor capital management of Stichting Pension Fund Atos Origin in Utrecht, and a member of the advisory board for the Global Finance Forum in Switzerland. He is a research fellow of ERIM.

He teaches regularly in MBA and executive programs and serves as a consultant to various financial institutions and government agencies.

He received his PhD in international finance from Maastricht University in 1993.

  • Verschoor, W.F.C., Ter Ellen, S. & Zwinkels, R.C.J. (2013). Dynamic Expectation Formation in the Foreign Exchange Market. Journal of International Money and Finance, 37, 75-97.[go to publisher's site]
  • Verschoor, W.F.C., Spronk, R. & Zwinkels, R.C.J. (2013). Carry Trade and Foreign Exchange Rate Puzzles. European Economic Review, 60, 17-31.[go to publisher's site]
  • Verschoor, W.F.C. & Zwinkels, R.C.J. (2013). Do Foreign Exchange Fund Managers Behave Like Heterogeneous Agents? Quantitative Finance, 13, 1125-1134.
  • Verschoor, W.F.C., Rubbaniy, G. & Lelyveld van, I.P.P. (2013). Home Bias and Dutch Pension Funds’ Investment behaviour. The European Journal of Finance.
  • Jongen, R., Verschoor, W.F.C., Wolff, C.C.P. & Zwinkels, R.C.J. (2012). Explaining Dispersion in Foreign Exchange Expectations: A Heterogeneous Agent Approach. Journal of Economic Dynamics and Control, 36(5), 719-735.[go to publisher's site]
  • Verschoor, W.F.C., Jongen, R. & Muller, A. (2012). Using Survey Data to Resolve the Exchange Risk Exposure Puzzle: Evidence from U.S. Multinational Firms. Journal of International Money and Finance, 31(2), 148-169.[go to publisher's site]
  • Verschoor, W.F.C., Kemp, R.G.M., Van den Broek, S. & De Vries, A.C. (2012). Reputational Penalties to Firms in Antitrust Investigations. Journal of competition law & economics, 8, 231-258.
  • Verschoor, W.F.C., Van Ofwegen, R. & Zwinkels, R.C.J. (2012). The Effect of Credit Derivatives on Financial Sector Stability. In Applied Finance Letters (pp. 22-29).
  • Verschoor, W.F.C. (2012). De rol van "Home Bias" in het beleggingsgedrag van Nederlandse pensioenfondsen. In VBA Journal (pp. 33-36).
  • Verschoor, W.F.C., Kleimeier, S. & Lehnert, T. (2011). Contagion or Interdependence: Does the Speed of the Transmission of Shocks Matter. In R.W. Kolb (ed.), Financial Contagion: The Viral Threat to the Wealth of Nations. New York: John Wiley & Sons.
  • Verschoor, W.F.C., Jongen, R. & Wolff, C.C.P. (2011). Time-Variation in Term Premia: International Survey-Based Evidence. Journal of International Money and Finance, 30(4), 605-622.[go to publisher's site]
  • Zwinkels, R.C.J., Verschoor, W.F.C. & De Jong, E. (2010). Heterogeneity of Agents and Exchange Rate Dynamics: Evidence from the EMS. Journal of International Money and Finance, 29(8), 1652-1669.[go to publisher's site]
  • Verschoor, W.F.C., Van den Broek, S., Kemp, R. & De Vries, A.C. (2010). Reputatieschade als handhavingsinstrument. Economisch-Statistische Berichten, 95(4579), 122-124.
  • Verschoor, W.F.C., Zwinkels, R.C.J. & De Jong, E. (2009). Behavioral Heterogeneity and Shift-Contagion: Evidence from the Asian Crisis. Journal of Economic Dynamics and Control, 33(11), 1929-1944.[go to publisher's site]
  • Verschoor, W.F.C. & Muller, A. (2009). The Effect of Exchange Rate Variability on U.S. Shareholder Wealth. Journal of Banking and Finance, 33(11), 1963-1972.[go to publisher's site]
  • Zwinkels, R.C.J., Verschoor, W.F.C. & De Jong, E. (2009). A heterogeneous route to the European monetary system crisis. Applied Economics Letters, 16(9), 929-932.
  • Verschoor, W.F.C., Jongen, R. & Wolff, C.C.P. (2008). Foreign Exchange Rate Expectations: Survey and Synthesis. Journal of Economic Surveys, 22(1), 140-165.
  • Verschoor, W.F.C. & Muller, A. (2008). The Latin-American Exchange Exposure of U.S. Multinationals. Journal of Multinational Financial Management, 2008(18), 112-130.
  • Kleimeier, S., Lehnert, H. & Verschoor, W.F.C. (2008). Measuring financial contagion using time-aligned data: The importance of the speed of transmission of shocks. Oxford Bulletin of Economics and Statistics, 70(4), 493-508.
  • Verschoor, W.F.C. & Jongen, R. (2008). Further evidence on the rationality of interest rate expectations. Journal of International Financial Markets, Institutions and Money, 18(5), 438-448.
  • Verschoor, W.F.C., Straetmans, S. & Wolff, C.C.P. (2008). Extreme US stock market fluctuations in the wake of 9/11. Journal of Applied Econometrics, 23(1), 17-42.
  • Muller, A. & Verschoor, W.F.C. (2007). Trade and exposure of eastern European multinationals. Emerging Markets Review, 8, 218-229.
  • Muller, A. & Verschoor, W.F.C. (2007). The Asian crisis exchange risk exposure of U.S. multinationals. Managerial Finance, 33, 710-740.
  • Muller, A. & Verschoor, W.F.C. (2007). Asian foreign exchange risk exposure. Journal of the Japanese and International Economies, 21, 16-37.
  • Verschoor, W.F.C. & Muller, A. (2006). Asymmetric foreign exchange risk exposure: evidence from U.S. multinationals. Journal of Empirical Finance, 13, 495-518.
  • Verschoor, W.F.C. & Muller, A. (2006). European foreign exchange risk exposure. European Financial Management, 12, 195-220.
  • Muller, A. & Verschoor, W.F.C. (2006). Foreign exchange risk exposure: Survey and suggestions. Journal of Multinational Financial Management, 16, 385-410.
  • Verschoor, W.F.C., Candelon, B. & Hecq, A. (2005). Measuring common cyclical features during financial turmoil: evidence of interdependence not contagion. Journal of International Money and Finance, 24, 1317-1334.
  • Verschoor, W.F.C. & Jansen, P.F.G (2004). A Note on Transition Stock Return Behavior. Applied Economics Letters, 11(1), 11-13.
  • Verschoor, W.F.C. & de Groot, C. (2002). Further Evidence on Asian Stock Return Behavior. Emerging Markets Review, 3, 179-193.
  • Verschoor, W.F.C. & Wolff, C.C.P. (2002). Scandinavian Exchange Rate Expectations. Applied Economics Letters, 9, 111-116.
  • Verschoor, W.F.C. & Wolff, C.C.P. (2001). Scandinavian Forward Discount Bias and Risk Premia. Economics Letters, 73, 65-72.
  • Verschoor, W.F.C. & Wolff, C.C.P. (2001). Exchange Risk Premia, Expectations Formation and News in the Mexican Peso / US Dollar Forward Exchange Rate Market. International Review of Financial Analysis, 10, 157-174.
  • Verschoor, W.F.C., Wolff, C.C.P. & Nieuwland, F.G.M.C. (2001). Exchange Risk Premia in the European Monetary System. Applied Financial Economics, 10, 351-360.
  • Verschoor, W.F.C., Wolff, C.C.P., Koedijk, C.G. & Cavaglia, S. (1998). Interest Expectations and Exchange Rates News. Empirical Economics (Heidelberg), 23, 525-534.
  • Verschoor, W.F.C. (1998). Nederlands ondernemersvertrouwen in perspectief. Maandschrift Economie, 62, 150-158.
  • Verschoor, W.F.C., Wolff, C.C.P. & Nieuwland, F.G.M.C. (1998). EMS Exchange Rate Expectations and Time-Varying Risk Premia. Economics Letters, 60, 351-355.
  • Verschoor, W.F.C. & Mensink, N.W. (1997). Globalisering van de Nederlandse industrie. Economisch-Statistische Berichten.
  • Verschoor, W.F.C. (1994). Voorspelfouten van EMS Termijnkoersen: Irrationaliteit of Risicopremies. VBA Journaal.
  • Verschoor, W.F.C., Nieuwland, F.G.M.C. & Wolff, C.C.P. (1994). Stochastic Trends and Jumps in EMS Exchange Rates. Journal of International Money and Finance, 13, 699-727.
  • Verschoor, W.F.C. & Koedijk, C.G. (1994). Asian Interest Expectations and Exchange Rate Dynamics. Pacific-Basin Finance Journal, 4, 439-452.
  • Verschoor, W.F.C., Nieuwland, F.G.M.C. & Bauer, R.M. (1994). German Stock Market Dynamics. Empirical Economics (Heidelberg), 19, 397-418.
  • Verschoor, W.F.C., Wolff, C.C.P. & Cavaglia, S. (1994). On the Biasedness of Forward Foreign Exchange Rates: Irrationality or Risk Premia? The Journal of Business, 67, 321-343.
  • Verschoor, W.F.C., Cavaglia, S. & Wolff, C.C.P. (1993). Further Evidence on Exchange Rate Expectations. Journal of International Money and Finance, 12, 78-98.
  • Verschoor, W.F.C., Cavaglia, S. & Wolff, C.C.P. (1993). Asian Exchange Rate Expectations. Journal of the Japanese and International Economies, 7, 57-77.
  • Verschoor, W.F.C., Nieuwland, F.G.M.C. & Wolff, C.C.P. (1991). EMS Exchange Rates. Journal of International Financial Markets, Institutions and Money, 2, 21-42.
  • Verschoor, W.F.C. (2002). Uit de koers? Over mythe en werkelijkheid (2002, oktober 18). Maastricht: Universitaire Pers Maastricht.
  • Verschoor, W.F.C., Zwinkels, R.C.J. & Van Ofwegen, R. (2010). De invloed van kredietderivaten op financiële stabiliteit. Economisch-Statistische Berichten, 95(4596), 650-652.
  • Verschoor, W.F.C. (2010, Juli 26). Negatieve publiciteit belangrijk bij karteltoezicht. Het Financieele Dagblad
  • Zwinkels, R.C.J., Verschoor, W.F.C. & Frijns, B. (2009). De crisis in historisch perspectief. Economisch-Statistische Berichten, 94(4560), 298-300.
  • Zwinkels, R.C.J. & Verschoor, W.F.C. (2009). Een nieuwe prijsvorming op financiele markten. Economisch-Statistische Berichten, 94(4551), 26-28.
  • Verschoor, W.F.C. (2008, Oktober 10). De perverse prikkels voorbij. Het Financieele Dagblad
Ghulame Rubbaniy

Investment Behavior of Institutional Investors

Jairo Rivera Rozo

International markets for collective pension systems

Saskia ter Ellen

Financial innovation in a world of bounded rationality

David Blitz

Benchmarking Benchmarks

  • Role: Promotor
  • PhD Candidate: David Blitz
  • Time frame: 2007 - 2011

Address

Visiting address

Office: 4a-21
De Boelelaan 1105
1081 HV Amsterdam

Postal address


Netherlands

Latest publication

Verschoor, W.F.C., Ter Ellen, S. & Zwinkels, R.C.J. (2013). Dynamic Expectation Formation in the Foreign Exchange Market. Journal of International Money and Finance, 37, 75-97.[go to publisher's site]